What you should pay attention to this week at China's most important political event

Beijing (AP) – China The annual major political event is going on this week and brings together the leading leaders of the nation and thousands of provincial leaders to support decisions that have already been made by the Almighty Chinese Communist Party.

The meetings and meetings during the National People's Congress, which is expected to take about a week, are still important. The Parliament of the rubber stamp maintains an important function: to signal the government's priorities for the coming year and to spread instructions on party members and civil servants across the country.

The news from the leadership appears unchanged compared to previous years – remain the course for promoting innovation and at the same time have domestic consumption.

The question will be how you reconcile these two goals and will it be enough to revitalize the economy? To what extent the government will buffer the effects of another phase in the buffer US China Trading War?

This year is also the end of the current 5-year plan of China, and experts will search for the government's priorities for the next plan for the next plan from 2026 to 2030.

Here is what you should pay attention to at this year's event:

What is China's economic growth destination?

The National People's Congress begins on Wednesday with Premier Li QiangChina's top management officer who announces the economic growth goal for the year.

Analysts assume sluggish real estate sector and lackluster consumer expenses.

Another uncertainty is trade voltages with the United States under the President Donald TrumpThe last month has hit a 10% tariff to Chinese imports, while another 10% come into force on Tuesday. Prognostics on International Monetary Fund Project a growth rate of 4.6%this year.

What do the government's priorities have?

A comment last Friday of the official Xinhua news agency stated that the priority would be placed on increasing domestic demand and promoting innovation in science and technology.

There is also the expectation of the more state support from the private sector to recharge your batteries.

Chinese president XI Jinping met in February Managing Director, including Alibaba founder Jack Ma and Huawei Ceo Ren ZhengfeiSignalizing support for the private sector at the highest level of leadership. During the congress, a bill on the provision of a fairer and fairer business environment for the private sector must also be taken into account.

China already has it published a number of measures to support the economy. Many of them have no longer rejected the hopes of greater incentive, and the analysts exceed the expectations of what they can expect from the congress.

“I would not expect anything … that this policy will really use industrial policy and to increase consumption in a sensible, sufficient way,” said Jacob Gunter, leading analyst of the Economics Research Team at the Mercator Institute for China Studies.

Instead, experts say that managers are urging innovations that would strengthen China's independence.

The purpose of the economy is no longer in improving household income and expanding the middle class, said Gunter.

“This is not a development -oriented economy,” he said. “It is a geopolitical -oriented economy, and technology and industry are much more important for this.”

Where leads China's diplomacy?

Li is expected to affect foreign policy and TaiwanBut probably more attention will be attracted to Foreign Minister Wang Yi.

His annual press conference, which is held later a week, is closely observed to decipher China's attitude towards US China relationships under Trump. After the first 10% tariffs in February, China returned with a tariff of 15% to American coal and liquefied natural gas as well as 10% for crude oil, agricultural machines and large engine cars.

“Beijing's reaction to Trump's initial 10% tariff was measured – reserved enough to signal openness to negotiations, but to be firm enough to demonstrate his willingness to be necessary if necessary,” wrote Neil Thomas and Jing Qian in a report for Asia Society Policy Institute.

They find that China's President could use speeches in meetings with closed doors during the congress to send signals to bilateral relationships, as he did two years ago when XI called the named The United States as the leading “circulation and suppression of containment” against China.

China's relationships with Russia and its position with the Ukraine secretary are also observed closely. With a recent Group of 20 Foreign Minister in South AfricaWang said in Ukraine a “peace window opened” and China supported “all efforts that are committed to peace, including the recent United States and Russia consensus”.

What does the national folk congress do?

The legislator consists of almost 3,000 delegates from China's provinces, ministries, folk liberation army, party organizations and various groups that represent employees and other interests.

In this respect, her role is largely ceremony when the body has no real authorization to decide on laws. Each vote is usually unanimous or almost unanimously to formalize decisions that have already been made behind closed doors by the leaders of the Communist Party.

Nevertheless, the congress is a rare opportunity to see what the central government sees as priorities and goals of the central government, and the reports and speeches gives signs of the future instruction of government policy during its skills.

A advisory committee, the political advisory conference of the Chinese people, will meet at the same time. Members include the company manager, athletes, academics, religious leaders and representatives of ethnic groups. The simultaneous meetings of the two bodies are known as the two sessions.